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10/14/2020
It’s fun to brag to your friends about how you’re making a killing after buying shares of the next big thing. Take Tesla for example. Most traders have heard of it and know the backstory of how it became one of the biggest stocks of the past several years. The […]
10/14/2020
Global stock markets are flat this morning as the count of coronavirus cases rose in multiple major economies, resulting in more business limitations. Independent monitors temporarily halted enrollment Tuesday in testing Eli Lilly and Co.’s (NYSE: LLY) COVID-19 experimental antibody therapy “out of an abundance of caution.” This came after […]
10/13/2020
The stock market settled lower following the start of the third-quarter earnings season — and more in Tuesday’s stock market update. Citigroup Inc. (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM) reported better-than-expected headline earnings while Delta Air Lines Inc. (DAL) reported worse-than-expected losses and adjusted revenue. Stock Market […]
10/13/2020
According to Musk himself, Elon Musk and SpaceX are planning to IPO their Star-Link Low Earth Orbit (LEO) satellite wi-fi service in the next few years. He also suggested that he would give access to the IPO to small retail investors, stipulating, “You can hold me to it.” While waiting […]
10/13/2020
Global stock markets are mixed this morning. Stocks turned lower in Europe after a mixed trading day in Asia. Shares fell in Paris and London, but edged up in Tokyo and Shanghai after China said its September exports rose 10% in dollar terms. If U.S. President Donald Trump doesn’t push […]
10/12/2020
Wall Street extended its winning streak to four straight sessions ahead of the start of the third-quarter earnings season — and more in Monday’s stock market update. In addition to a number of earnings reports from the nation’s biggest banks that start Tuesday, Wall Street is looking ahead to Apple […]
10/12/2020
Right around this time, you’d typically see me do a stock market review video. But today, I want to do something a little different. As I explained last week, the Russell 2000 started to trade above S&P 500 and price in the fact that the U.S.-China trade war could end […]
10/12/2020
How would you feel if you found out that the average American billionaire pays less in taxes than you do? Not just a little less. In fact, one of them has paid zero taxes in ten of the last fifteen years. In 2016 and 2017, he paid $750 a year in income taxes. […]
10/09/2020
Wall Street showed continued momentum on hopes for another round of stimulus with President Donald Trump now expressing openness to a larger fiscal package — and more in Friday’s stock market update. Larry Kudlow, Director of the National Economic Council, said Trump has approved a revised package of $1.8 trillion […]